Creating a Legacy Gift
Ida Goodell ‘47
In June 2013, the Development Office learned that the late Ida Goodell ‘47, a career educator and school principal, had given the College an unrestricted gift of $326,000. Her remarkable legacy will help fund the College’s highest priorities – scholarships and financial aid, and academic excellence.
Leaving a Bequest to Keene State College
The simplest and most transformational gifts sometimes come as a surprise to the College, when we receive word that an alumnus or friend has named the College as a beneficiary in a will or trust. If you prefer to keep your intentions private during your lifetime, as many do, consider using the sample bequest language here:
Sample: “I hereby bequeath ___________ (dollar amount or percentage of my estate or residual of my estate after other bequests) to Keene State College, a voluntary New Hampshire corporation with its principal place of business at 229 Main Street, Keene, New Hampshire 03435.”
Any bequests to Keene State College, whether a fixed dollar amount, a percentage of your estate, or the residual after other bequests have been distributed, will be considered a charitable contribution from your estate.
If you or your legal advisor have any questions whatsoever about estate planning at Keene State College, we invite you to contact Ken Goebel, Director of Development, at firstname.lastname@example.org, or 603-358-2378. All conversations are held in confidence, with no obligation.
Charitable Gift Annuities
Charitable giving can be a two-way street. One popular strategy is the charitable gift annuity, which confers long-term benefits to the College while providing you, the donor, a guaranteed stream of income for life, plus significant tax advantages.
How It Works
- You transfer cash or securities to Keene State College to set up your annuity. It may be funded with a gift of $10,000 or more. (If you are younger than 65, you may want to consider a deferred gift annuity, in which your income begins after you retire.)
- You and Keene State set up a simple contract in which you, or two beneficiaries (called annuitants) you name, receive guaranteed fixed income for life. Rates are based upon your age; the older you are, the higher the payment.
- The remaining value passes to Keene State College and funds your designated purpose when the contract ends.
How It Benefits the Donor
- You may take an immediate charitable tax deduction for a portion of your gift.
- Your annuity payments are partially tax-free.
- Other tax advantages apply to appreciated securities.
- You have a steady income stream for your lifetime.
- You are able to make a significant gift to the College.